When pigs fly: Growing competition from other protein substitutes will hinder revenue growth

The Hog and Pig Farming industry in Canada has been at the mercy of volatile commodity prices, with double-digit revenue growth experienced in 2014 and a double-digit decline the following year. Ultimately, 2014 hog prices were the highest in over two decades, prompting profound growth that year. Still, prices stabilized by 2015 have not fluctuated as dramatically. Ultimately, the industry is reliant on commodity prices and downstream meat processing demand for revenue generation. As a result, revenue booms and busts are parallel to commodity prices, despite a stability in output in terms of volume to downstream meat processors. While concentration within the industry is low, the hog and pig farming landscape is shifting toward large, capital-intensive farms...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • The industry is reliant on commodity prices and downstream meat processing demand
  • Operators are focusing production on leaner hogs through selective breeding
  • Hog and pig farms are expected to continue consolidating
  • Industry Report - Industry Locations Chapter

    The distribution of hog and pig production in Canada mainly follows population patterns, export networks and access to grain feeds and downstream processing facilities. Commercial production takes place in a controlled environment, where animals are kept indoors throughout the different development stages such as farrowing, growing and finishing. Therefore, climate is not a crucial factor in establishing industry operations for businesses that have the necessary infrastructure. Nevertheless, the most common hog production unit consists of farrow-to-finish operations of under 250 sows, which are typically managed by a single family...purchase to read more.

    Additional Insights for the Hog & Pig Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hog & Pig Farming Industry are

  • Production of premium goods/services
  • Appropriate physical growing conditions
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Per capita meat consumption and Per capita pork consumption in the Hog & Pig Farming industry impact industry performance..

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    What's in this report

    What is the Hog & Pig Farming Industry?

    Establishments in this industry primarily farm hogs and pigs in farrow-to-finish operations that include breeding, farrowing, weaning and raising feeder pigs or market size hogs. The term pig usually refers to the domestic mammal when it is young or small, while hog is the name typically given to domesticated pigs that weigh more than 54 kilograms. While hog feedlots are included in the industry, the transportation of the livestock is not.

    Industry Products
  • Market hogs and pigs under 23 kgs
  • Market hogs and pigs 23 kgs to 53 kgs
  • Hogs and pigs for breeding
  • Market hogs and pigs 54 kgs to 80 kgs
  • Market hogs and pigs over 81 kgs
  • Industry Activities
  • Running farrow-to-finish operations
  • Feeder pig farming
  • Operating hog feedlots (except stockyards for transportation)
  • Operating hog and pig farms, including breeding, farrowing, nursery and finishing activities
  • Weaning pigs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita meat consumption
  • Per capita pork consumption
  • Per capita disposable income
  • Demand from meat, beef and poultry processing
  • Canadian effective exchange rate index

  • Current Performance
  • Leaner cuts
  • Profit and consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthier pork
  • Continued consolidation
  • Table: Hog & Pig Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hog & Pig Farming Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hog & Pig Farming in Canada
  • Meat, Beef & Poultry Processing in Canada
  • Beef & Pork Wholesaling in Canada

  • Key Selling Industries
  • Animal Feed Production in Canada
  • Farm Supplies Wholesaling in Canada
  • Farm, Lawn & Garden Equipment Wholesaling in Canada
  • Hog & Pig Farming in Canada
  • Tractors & Agricultural Machinery Manufacturing in Canada
  • Veterinary Services in Canada

  • Products & Services
  • Market hogs and pigs under 23 kgs
  • Market hogs and pigs 23 kgs to 53 kgs
  • Market hogs and pigs 54 kgs to 80 kgs
  • Market hogs and pigs over 81 kgs
  • Hogs and pigs for breeding
  • Chart: Hog & Pig Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Price points
  • Supply and demand
  • Health concerns

  • Major Markets
  • Meat processors
  • Meat wholesalers
  • Other farms and feedlots
  • Exports
  • Chart: Major Market Segmentation for the Hog & Pig Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Hog & Pig Farming

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hog & Pig Farming Industry

  • Industry Globalization
    HyLife Foods LP, La Coop federee,
  • Table: HyLife Foods LP - financial performance
  • Table: La Coop federee - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hog & Pig Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hog & Pig Farming Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Agricultural price index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The act of breeding and raising pigs for sale.
  • Feeder Pig
  • A weaned female swine or male hog castrated before sexual maturity and sold to be finished for slaughter.
  • H1n1
  • A new strain of swine-origin influenza that was discovered in 2009.
  • Sow
  • A female pig that has given birth to a litter of piglets.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Hog & Pig Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
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    This report on Hog & Pig Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hog & Pig Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hog & Pig Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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